5 large states, 5 paths to fix budgets

California's governor wants to maintain temporary tax increases to keep $9 billion a year flowing to the state treasury. Low-tax Texas is considering tapping its rainy day account to soften the effects of deep spending cuts. New York's governor pushed through budget cuts while keeping a campaign pledge to avoid tax increases.
And residents of Illinois ...

One comment

It is important for New York to reign in spending (school boards who must pay for defined benefit packages to union workers and there goes the real estate taxes up once again).
New Yorkers should support a 2% tax cap on their real estate taxes. The NY State Senate will move forward on this cap.
The 2% tax cap is tied to inflation and under no circumstances can real estate tax move upward from 2% per year.
We must stop the gov’t from robbing the taxpayers who no longer can afford Long Island real estate taxes.